Time to Pack Some Samsonite Shares

The world's biggest luggage maker is enjoying Asia's new-found love of travel. The stock seems headed for a new destination, too—say 25% higher.

Chinese citizens took about 100 million trips abroad last year. Within six years, that figure is expected to hit 200 million. So who's going to sell them all those suitcases?

It's a pretty safe bet that Samsonite International, the No. 1 luggage maker in the world, will supply a lot of them. The famous suitcase and travel-accessories provider, which listed its shares in Hong Kong when it re-emerged as a public company in 2011, already...